Saudi Arabia’s Bumps Up July Crude Prices Taking Asian Buyers by Surprise

• Monday, 6th June 2022
• by Israa Ibrahim

Saudi Arabia, the world’s largest oil exporter, hiked July crude oil prices for Asian clients to higher-than-expected levels, citing constrained supply and anticipation of high demand this summer. The official s...

Saudi Arabia raises August’s Crude Oil Selling Prices

• Wednesday, 7th July 2021
• by Sarah Samir

Saudi Arabia has increased its crude oil official selling prices (OSP) for August, Reuters reported. Accordingly, heavy, medium, and light crude oil intended for Asia will increase $0.8 per barrel – compared to July p...

Iran To Sell Oil to Asia at Discount

• Wednesday, 15th August 2018
• by Editorial Team

Iran plans to sell discounted oil to the Asian market as a way to mitigate losses caused by US sanctions on the country, BasNews reported. “The discount is part of the nature of the global markets being offered ...

Saudi Arabia Drops Oil Prices for Asian Markets

• Wednesday, 3rd August 2016
• by Egypt Oil & Gas

Saudi Aramco, the state-controlled oil company, has cut its official selling price (OSP) for its benchmark Arab Light Grade for September-loading cargoes to Asia by $1.30 a barrel to a discount price of $1.10 to the r...

Price of Qatari Crude Inching its Way Up

• Tuesday, 9th June 2015
• by Egypt Oil & Gas

Qatar has set its May retroactive official selling price (OSP) for its Marine crude at $63.05 a barrel, up $5.45 a barrel from the previous month, Qatar News Agency said, following solid demand. The May price was set ...